AIR IT GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-06 (in 4mo)
Last made up 2025-08-23
Watchouts
None on the register
Cash
£2M
-25.4% vs 2023
Net assets
-£39M
-26.6% vs 2023
Employees
465
+11.8% vs 2023
Profit before tax
£1M
-29.8% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £48,578,230 | £63,271,655 | |
| Operating profit | £2,094,751 | £1,532,190 | |
| Profit before tax | £2,106,532 | £1,478,796 | |
| Net profit | £2,024,406 | £1,554,231 | |
| Cash | £2,567,319 | £1,916,338 | |
| Total assets less current liabilities | £15,332,476 | £19,528,158 | |
| Net assets | -£30,771,603 | -£38,959,083 | |
| Equity | -£30,771,603 | -£38,959,083 | |
| Average employees | 416 | 465 | |
| Wages | £16,965,223 | £18,792,873 | |
| Directors' remuneration | £808,271 | £1,098,580 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+30.2%
£48,578,230 £63,271,655
-
Cash
-25.4%
£2,567,319 £1,916,338
-
Net assets
-26.6%
-£30,771,603 -£38,959,083
-
Employees
+11.8%
416 465
-
Operating profit
-26.9%
£2,094,751 £1,532,190
-
Profit before tax
-29.8%
£2,106,532 £1,478,796
-
Wages
+10.8%
£16,965,223 £18,792,873
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.3% | 2.4% | |
| Net margin | 4.2% | 2.5% | |
| Return on capital employed | 13.7% | 7.8% | |
| Current ratio | -1.02x | -1.09x | |
| Interest cover | 209475.10x | 23.79x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- AIR IT GROUP LIMITED 2025-10-23 → present
- AIR IT LIMITED 2005-08-23 → 2025-10-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the group's forecasts and projections and the majority investor's support, the directors expect that the group has adequate resources to continue in operational existence for the foreseeable future. The directors are comfortable that the majority investor has adequate funds to support this if required. The group therefore continues to adopt the going concern basis in preparing its consolidated financial statements.”
Group structure
- AIR IT GROUP LIMITED · parent
- MTL Technology Limited 100%
- Upstream Group Limited 100%
- Nexus GS Limited 100%
- Arteri Holdings Limited 100%
- Concise Technologies Group Limited 100%
- IITL Limited 100%
- MFG UK Limited 100%
- Scoria Limited 100%
- Silverbug Limited 100%
- Vital Technology Group Limited 100%
- SCS Technology Solutions Limited 100%
- SoConnect Limited 100%
- Sortmypc Limited 100%
Significant events
- “In 2024, Air IT Limited acquired two new entities, SCS Technology Solutions Limited was acquired on 1 March 2024, and SoConnect Limited was acquired on 29 April 2024.”
- “During the year the group has acquired 100% share capital of SCS Technology Solutions Limited for the consideration of £4,391,739. Post acquisition during the year, SCS Technology Solutions Limited together with Vital Technology Group Limited were hived up to Air IT Limited resulting in the write down of £9,741,711.”
- “During the year the group has acquired 100% share capital of SoConnect Limited and Sortmypc Limited for the consideration of £9,057,661.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEALEY, James | Secretary | 2017-06-26 | — | — |
| HEALEY, James Philip | Director | 2014-09-01 | Apr 1984 | British |
| MOSS, Andrew John | Director | 2025-04-01 | Mar 1965 | British |
| TAYLOR, Barney Andrew | Director | 2024-12-02 | Aug 1975 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MC QUILKIN, Todd Sean | Secretary | 2005-08-23 | 2006-02-24 |
| MCQUILKIN, Peter Henry | Secretary | 2006-02-24 | 2017-06-26 |
| SECRETARIAL APPOINTMENTS LIMITED | Corporate Nominee Secretary | 2005-08-23 | 2005-08-23 |
| FRANKLIN, Robert John | Director | 2005-08-23 | 2006-02-24 |
| HALSTEAD, Stephen John | Director | 2023-11-01 | 2023-11-30 |
| HARDY, Jonathan Simon | Director | 2020-03-12 | 2023-10-31 |
| JUDGE, Paul | Director | 2014-09-01 | 2020-01-16 |
| LEA, Spencer, Mr. | Director | 2023-12-01 | 2025-03-21 |
| LEADLEY, Simon James | Director | 2013-05-01 | 2016-08-04 |
| LOVETT, Mark Alexander | Director | 2024-04-15 | 2024-11-25 |
| MC QUILKIN, Todd Sean | Director | 2005-08-23 | 2020-01-16 |
| STEVENTON, James Howard | Director | 2022-03-01 | 2024-12-02 |
| WHITTY, John Joseph | Director | 2020-08-30 | 2022-03-01 |
| CORPORATE APPOINTMENTS LIMITED | Corporate Nominee Director | 2005-08-23 | 2005-08-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aep V Investment General Partner Llp | Corporate entity | Significant influence | 2025-08-20 | Active |
| Koru Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-01-16 | Active |
| Todd Sean Mcquilkin | Individual | Shares 50–75% | 2016-04-06 | Ceased 2020-01-16 |
| Mr Todd Sean Mcquilkin | Individual | Shares 50–75%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 129 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-23 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-23 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-18 | AA | accounts | Accounts with accounts type full | |
| 2024-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.